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Luden [163]
3 years ago
15

Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles fr

om home. Which of the following is the most likely explanation for her behavior?
a.The opportunity cost of her time is very low.
b.She doesn't take travel time into consideration.
c.She doesn't like to cook or doesn't know how.
d.The prices at the more expensive restaurant understate the opportunity cost of eating there.
e.The higher monetary cost of the more expensive restaurant is offset by the higher opportunity cost of the lower-priced restaurant
Business
1 answer:
kiruha [24]3 years ago
4 0

Answer:

Option (E) is correct.

Explanation:

The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.

In our case, there are two restaurants as follows:

One is 2 miles away from home with higher prices

Second one is 15 miles away from home with lower prices

But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.

This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.

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Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detriment
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Answe

Explanation:

Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy

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3 years ago
This introduces an applicant and the applicants resume to a potential employer
MrRa [10]

Answer

B. Cover Letter

Explanation

It is a single-page introductory document prepared for the recruiting agent which gives a glimpse of the potential candidate to the recruiter. It gives an highlight of the candidate’s overall strengths and the potentials that present him/her to the position as a great fit for the company. The cover letter typically helps the candidate to stand out from the rest of the recruits and aims at engaging the employer before going through the resume of the candidate.

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if the required reserve ratio is 10 percent the banking system currently has excess reserves equal to
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Answer:

Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.

Explanation:

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3 years ago
Help ASAP Plz i have 3mins left thx!!!
Viefleur [7K]

1. A) Because you don't want to be stuck living with your parents until you are 30

2. B) Living and educational expenses


Reason:

I took a test very similar to this a few days ago, and I am a straight-A student.

4 0
3 years ago
Read 2 more answers
How are the project management processes that surround Scrum similar to and different to how the project management processes su
timurjin [86]

Answer: The answers are provided below

Explanation:

There are several similarities between the project management processes which surround scrum to the traditional project management processes which surrounds a project life cycle such as Waterfall. When one looks at each iteration as a project, one will see that Scrum planning meeting will be identical to planning meeting of the traditional project.

The daily standups in scrum will resemble the monitoring and the controlling of traditional waterfall with the exception that in scrum, its team monitors itself. A sprint would be the execution stage while the sprint review will be like project closure lessons that are learned. Sprint can be seen as small waterfall model project.

However, the main difference is in the scrum's team mindset versus the team of the traditional project management. Also, the process of work defining as being completed is different for the teams. Lastly, the method used by the scrum team in its approaches to work, team collaboration, responsibility acceptance, tasks definition and accountability are different from the traditional project management team.

A hybrid approach will be sensible in a large organization which has pockets of power. This is true for large retails that have old legacy systems in which frequent deployments aren't possible.

This is true for systems in which, testing can't be automated due to the fact that automated testing is a vital part for success for large scrum projects. In such organizations, it is sensible to use scrum for the teams which are able to move to scrum and waterfall can be used for other parts of the organization.

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